Citibank provides EUR 32.7mn in credit lines to Bulgarian Development Bank.

By bne IntelliNews September 19, 2011
The state-run Bulgarian Development Bank (BDB) and the local branch of the US Citibank signed an agreement for two credit lines at the total amount of EUR 32.7mn, BDB said on its website. BDB, which ranked fourteenth-largest in terms of assets as of end-June, will use the funds to support the small and medium-sized enterprises (SMEs) and to provide trade loans. BDB specialises in loans for the SMEs which face difficulties to obtain private financing.

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